Lenskart Q3 FY26: Revenue surges 37.4%, EBITDA doubles, PAT triples on AI-first strategy
Lenskart's Q3 FY26 results show a 37.4% YoY revenue growth and a 90.6% YoY increase in EBITDA, with PAT tripling. The company conducted over 6 million eye tests, expanding the market, and achieved 28% SSSG in India. International revenue grew 32.7% YoY, and the Meller brand saw 42.0% YoY growth.
The substantial growth in key financial metrics like revenue, EBITDA, and PAT, coupled with aggressive market expansion (both domestic and international) and successful brand scaling, indicates a significant positive impact on the company's market position and future prospects.
The company reported significant year-on-year growth in revenue, EBITDA, and PAT, indicating strong financial performance and operational efficiency. The expansion of market reach through eye tests and store growth, along with positive international performance and brand acquisition success, contributes to a positive sentiment.
Lenskart Solutions Limited reported a strong Q3 FY26 performance, with revenue growing 37.4% year-on-year (YoY) to ₹4,000 crore and EBITDA more than doubling at 90.6% YoY. Profit After Tax (PAT) tripled YoY, driven by its AI-first strategy and structural operating leverage.
The company conducted over 6 million eye tests, with nearly half being first-time exams, expanding India's eyewear market, estimated at ₹79,000 crore, with a need-based market exceeding ₹4,00,000 crore. India achieved a record 28% Same-Store Sales Growth (SSSG) and 36% Same Pincode Sales Growth (SPSG) in Q3 FY26, adding 420 net new stores in the first nine months of FY26.
Internationally, Lenskart grew 32.7% YoY, with EBITDA margins improving significantly. The Meller brand, acquired by Lenskart, also saw strong growth of 42.0% YoY in 9MFY26, demonstrating the platform's ability to scale brands globally. The company highlighted its integrated AI platform, enabling features like remote optometry and facial recognition, and a record Net Promoter Score (NPS) of 80.9.
Key financial highlights include a 3.4x YoY increase in PAT to ₹1,327 million in Q3 FY26. The company is investing in long-term growth initiatives such as AI-enabled self-eye-testing and the Hyderabad facility.
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